Financial Analysis: Qorvo (NASDAQ:QRVO) vs. JinkoSolar (NYSE:JKS)

JinkoSolar (NYSE:JKS) and Qorvo (NASDAQ:QRVO) are both oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, dividends, valuation, institutional ownership, profitability and risk.

Valuation & Earnings

This table compares JinkoSolar and Qorvo’s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
JinkoSolar	$118.39 billion	0.01	$485.56 million	$6.41	3.09
Qorvo	$4.01 billion	2.54	-$70.32 million	($0.73)	-146.68

JinkoSolar has higher revenue and earnings than Qorvo. Qorvo is trading at a lower price-to-earnings ratio than JinkoSolar, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current ratings for JinkoSolar and Qorvo, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
JinkoSolar	1	5	0	0	1.83
Qorvo	2	9	5	0	2.19

JinkoSolar currently has a consensus price target of $26.60, indicating a potential upside of 34.48%. Qorvo has a consensus price target of $121.00, indicating a potential upside of 13.00%. Given JinkoSolar’s higher probable upside, equities research analysts plainly believe JinkoSolar is more favorable than Qorvo.

Risk & Volatility

JinkoSolar has a beta of 0.38, suggesting that its stock price is 62% less volatile than the S&P 500. Comparatively, Qorvo has a beta of 1.46, suggesting that its stock price is 46% more volatile than the S&P 500.

Profitability

This table compares JinkoSolar and Qorvo’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
JinkoSolar	2.74%	11.12%	2.81%
Qorvo	-0.66%	14.92%	8.19%

Institutional and Insider Ownership

35.8% of JinkoSolar shares are owned by institutional investors. Comparatively, 88.6% of Qorvo shares are owned by institutional investors. 19.8% of JinkoSolar shares are owned by company insiders. Comparatively, 0.5% of Qorvo shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

About JinkoSolar

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.

About Qorvo

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.